OUT OF MIND
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Latest topics
» Here We Go Again — COVID 3.0
Chrystia Freeland ~ The Self-Destruction Of The 1 Percent EmptyToday at 1:33 am by PurpleSkyz

» Report Shows Nearly 300 Athletes Worldwide Collapsed or Suffered Cardiac Arrests after Taking COVID Vaccine This Year – Many Died
Chrystia Freeland ~ The Self-Destruction Of The 1 Percent EmptyToday at 1:25 am by PurpleSkyz

» Shocking Images Show Ash-Covered Ghost Towns On Spain's Canary Islands
Chrystia Freeland ~ The Self-Destruction Of The 1 Percent EmptyToday at 1:23 am by PurpleSkyz

» EPISODE 8 LINK
Chrystia Freeland ~ The Self-Destruction Of The 1 Percent EmptyToday at 1:10 am by PurpleSkyz

» Federal judge halts Biden jab mandate for federal contractors in all 50 states
Chrystia Freeland ~ The Self-Destruction Of The 1 Percent EmptyToday at 1:03 am by PurpleSkyz

» Microplastic contamination found in all 30 tested Oregon waterways, environmental group says
Chrystia Freeland ~ The Self-Destruction Of The 1 Percent EmptyYesterday at 11:11 am by PurpleSkyz

» Robert F Kennedy Jr. Bombshell: CIA-Led “Military Response” To Plandemic Was To Usher In Worldwide Totalitarianism
Chrystia Freeland ~ The Self-Destruction Of The 1 Percent EmptyYesterday at 11:00 am by PurpleSkyz

» SECRET SPACE: The Hunt For The Elusive Planet Nine
Chrystia Freeland ~ The Self-Destruction Of The 1 Percent EmptyYesterday at 10:53 am by PurpleSkyz

» Basketball Player Ben Madgen Diagnosed with Pericarditis After Second Shot
Chrystia Freeland ~ The Self-Destruction Of The 1 Percent EmptyYesterday at 10:48 am by PurpleSkyz

» CDC’s Legendary Chief Virus Investigator Found Dead
Chrystia Freeland ~ The Self-Destruction Of The 1 Percent EmptyYesterday at 10:38 am by PurpleSkyz

» A CRIMINAL CONSPIRACY - PFIZER VACCINE DEVELOPER: "I CAN'T TAKE THE VACCINE, IT'S THE LAW"
Chrystia Freeland ~ The Self-Destruction Of The 1 Percent EmptyYesterday at 10:25 am by PurpleSkyz

» New Age Deceptions Parts 1&2
Chrystia Freeland ~ The Self-Destruction Of The 1 Percent EmptyYesterday at 1:08 am by PurpleSkyz

» Nearly 700 Cases of Heart Disease in 12 to 17-Year-Olds After COVID Shots
Chrystia Freeland ~ The Self-Destruction Of The 1 Percent EmptyYesterday at 1:04 am by PurpleSkyz

» German Study Finds Zero Healthy Children Between 5 and 18 Died From COVID
Chrystia Freeland ~ The Self-Destruction Of The 1 Percent EmptyYesterday at 12:59 am by PurpleSkyz

» CDC-funded study: COVID shots have no effect on virus transmission
Chrystia Freeland ~ The Self-Destruction Of The 1 Percent EmptyYesterday at 12:52 am by PurpleSkyz

» HUGE: Federal judge strikes down DOD claim that Pfizer’s EUA “vaccine” and Comirnaty are “interchangeable”
Chrystia Freeland ~ The Self-Destruction Of The 1 Percent EmptyYesterday at 12:50 am by PurpleSkyz

» The Growing Specter of Compulsory Vaccination
Chrystia Freeland ~ The Self-Destruction Of The 1 Percent EmptyYesterday at 12:47 am by PurpleSkyz

» The Insanely Dark Story Behind “Poltergeist” and its Young Star Heather O’Rourke
Chrystia Freeland ~ The Self-Destruction Of The 1 Percent EmptyMon Dec 06, 2021 12:40 pm by PurpleSkyz

» Robot shocks with how human-like it is
Chrystia Freeland ~ The Self-Destruction Of The 1 Percent EmptyMon Dec 06, 2021 12:26 pm by PurpleSkyz

» Melbourne, Australia — Dec 4th, 2021: Massive, Spirited Protest Against Medical Tyranny
Chrystia Freeland ~ The Self-Destruction Of The 1 Percent EmptyMon Dec 06, 2021 12:19 pm by PurpleSkyz

» Biden admin agrees to pause COVID shot mandate for healthcare workers. Fact Is they had no choice!
Chrystia Freeland ~ The Self-Destruction Of The 1 Percent EmptyMon Dec 06, 2021 12:13 pm by PurpleSkyz

» THE GREAT RESET: ‘Now Or Never’, The Great ‘Transition’ Must Be Imposed – By Alastair Crooke
Chrystia Freeland ~ The Self-Destruction Of The 1 Percent EmptyMon Dec 06, 2021 12:07 pm by PurpleSkyz





Holistic Alternative
Health Care
by Bridgette Lyn Dolgoff

CONTACT HERE TO SCHEDULE ONLINE SESSIONS
www.https://coe-llc.com

NEW ETSY SHOP FEATURING HERBAL SALVES

NOW MAKING A MEDICATED OIL FOR PEOPLE WHO HAVE PCR DAMAGE
www.https://coe-llc.com










Sway on Out Of Mind:
Sway's Website:
josuemercadoproductions.tk
Buy Me A Coffee:
PayPal:www.paypal.me/swaymerk CashApp:

You are not connected. Please login or register

OUT OF MIND » THE INSANITY OF REALITY » ILLUMINATI AGENDA & WORLD DOMINATION » Chrystia Freeland ~ The Self-Destruction Of The 1 Percent

Chrystia Freeland ~ The Self-Destruction Of The 1 Percent

Go down  Message [Page 1 of 1]

PurpleSkyz

PurpleSkyz
Admin

Chrystia Freeland ~ The Self-Destruction Of The 1 Percent





Posted on October 15, 2012 by Gillian



The New York Times | October 14 2012 | Thanks, Cathy


Chrystia Freeland ~ The Self-Destruction Of The 1 Percent 14VENICE-SUB-articleLarge Artist Leandro Bassano ~ 17th-century Venice, with a view of the banks of the Grand Canal and the Doge’s Palace

OPINION ~ In the early 14th century,
Venice was one of the richest cities in Europe. At the heart of its
economy was the colleganza, a basic form of joint-stock company created
to finance a single trade expedition. The brilliance of the colleganza
was that it opened the economy to new entrants, allowing risk-taking
entrepreneurs to share in the financial upside with the established
businessmen who financed their merchant voyages.

Venice’s elites were the chief
beneficiaries. Like all open economies, theirs was turbulent. Today, we
think of social mobility as a good thing. But if you are on top,
mobility also means competition. In 1315, when the Venetian city-state
was at the height of its economic powers, the upper class acted to lock
in its privileges, putting a formal stop to social mobility with the
publication of the Libro d’Oro, or Book of Gold, an official register of
the nobility. If you weren’t on it, you couldn’t join the ruling
oligarchy.

The political shift, which had begun
nearly two decades earlier, was so striking a change that the Venetians
gave it a name: La Serrata, or the closure. It wasn’t long before the
political Serrata became an economic one, too. Under the control of the
oligarchs, Venice gradually cut off commercial opportunities for new
entrants. Eventually, the colleganza was banned. The reigning elites
were acting in their immediate self-interest, but in the longer term, La
Serrata was the beginning of the end for them, and for Venetian
prosperity more generally. By 1500, Venice’s population was smaller than
it had been in 1330. In the 17th and 18th centuries, as the rest of
Europe grew, the city continued to shrink.

The story
of Venice’s rise and fall is told by the scholars Daron Acemoglu and
James A. Robinson, in their book “Why Nations Fail: The Origins of
Power, Prosperity, and Poverty,” as an illustration of their thesis that
what separates successful states from failed ones is whether their
governing institutions are inclusive or extractive. Extractive states
are controlled by ruling elites whose objective is to extract as much
wealth as they can from the rest of society. Inclusive states give
everyone access to economic opportunity; often, greater inclusiveness
creates more prosperity, which creates an incentive for ever greater
inclusiveness.

The history of the United States can
be read as one such virtuous circle. But as the story of Venice shows,
virtuous circles can be broken. Elites that have prospered from
inclusive systems can be tempted to pull up the ladder they climbed to
the top. Eventually, their societies become extractive and their
economies languish.

That was the future predicted by Karl
Marx, who wrote that capitalism contained the seeds of its own
destruction. And it is the danger America faces today, as the 1 percent
pulls away from everyone else and pursues an economic, political and
social agenda that will increase that gap even further — ultimately
destroying the open system that made America rich and allowed its 1
percent to thrive in the first place.

You can see America’s creeping Serrata
in the growing social and, especially, educational chasm between those
at the top and everyone else. At the bottom and in the middle, American
society is fraying, and the children of these struggling families are
lagging the rest of the world at school.

Economists point out that the woes of
the middle class are in large part a consequence of globalization and
technological change. Culture may also play a role. In his recent book
on the white working class, the libertarian writer Charles Murray blames
the hollowed-out middle for straying from the traditional family values
and old-fashioned work ethic that he says prevail among the rich (whom
he castigates, but only for allowing cultural relativism to prevail).

There is some truth in both arguments.
But the 1 percent cannot evade its share of responsibility for the
growing gulf in American society. Economic forces may be behind the
rising inequality, but as Peter R. Orszag, President Obama’s former
budget chief, told me, public policy has exacerbated rather than
mitigated these trends.

Continue reading @ The NY Times



Thanks to: http://shiftfrequency.com



  

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum